MARKET TALK: What To Expect When You're Expecting A Canadian Budget

"If you think you're going to get a very draconian budget tomorrow, you're wrong," says RBC's Ian Pollick. When Canada's Conservative government presents its budget Thursday, RBC expects to see a deficit figure that is better than initial guidance, and a budget plan that lays out a reallocation of funds, but no "strict austerity." With Canada's economy doing quite alright, Pollick said there's a better-than-even chance the budget could foretell of an earlier-than-currently planned closing of the fiscal gap. The Conservatives are calling for a balanced budget in fiscal 2015-16, having previously called for balance in fiscal 2014-15. Maybe they'll bring back that 2014-15 call, muses Pollick.